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Sharjah Posts AED7bn October Deals as Dubai Demand Shifts to Affordable Apartments

New figures show a maturing UAE housing market led by mid‑income mortgage‑backed apartment demand.

Overview

  • Sharjah recorded AED7bn in real estate transactions in October, up 54.1% year on year, with 12,539 deals across 120 areas, according to the registration department.
  • Year to date, Sharjah reached AED44.3bn in transactions for Jan–Sep, a 58.3% annual rise, as developers launched 12,361 freehold homes and the emirate attracted $1.5bn in H1 FDI, Savills reported.
  • Dubai tallied 177,519 property sales worth Dh554.9bn year to date, with October showing a seasonal dip alongside steady secondary and off‑plan activity in areas such as Al Yelayiss 1, Nad Al Sheba First, Al Barsha South Fourth and Burj Khalifa.
  • Dubai mortgages totaled AED15.98bn across 3,999 deals in October and AED148.1bn from January to October, with volumes rising and average loan sizes falling, Property Finder/Mortgage Finder data show.
  • Mortgage requests are concentrated among buyers earning AED20,000–40,000 per month, who are mostly end‑users purchasing apartments, as apartments account for 57% of buyer interest and 78% of rental searches.